28 per cent GST tax slab should go, says Sisodia

July 21, 2018

New Delhi:Delhi Deputy Chief Minister Manish Sisodia on Friday said that the government should either completely abolish the 28 per cent tax bracket or reserve it only for “sin goods.”

Speaking to reporters on the sidelines of the 28th Goods and Services Tax (GST) Council meeting, he said: “I believe 28 per cent tax should be only for sin goods, in fact, the government should completely abolish the 28 per cent tax bracket.”

Sisodia, who holds the Finance portfolio, said that the Delhi government has also “adopted the returns model by Infosys Chairman Nandan Nilekani”, which will require taxpayers to file a single GST return, replacing three returns – GSTR 1, 2, 3 and the summarised return GSTR 3B.

Under the earlier system, returns filed under forms GSTR-1 (sales) and GSTR-2 (purchase) were automatically matched with GSTR-3 to ensure that the claims made by the taxpayer were correct. Currently, taxpayers are filing GSTR 3B and GSTR 1 and claiming input tax credit.

But, according to the Nilekani model, input tax credit will be available only after uploading invoices.

Sisodia said that after the amendments, “the taxpayers with a turnover up to Rs 5 crores will only have to file quarterly returns now.”

He further accused the central government of allegedly taking Rs 3 crores of funds originally assigned for Delhi.

“This issue was also taken up by Pondicherry in the meeting. The central government cheated Delhi by keeping Rs 3 crores of GST funds originally assigned for the national capital,” he said.(IANS)

Hamas steps up attack on Israel, fires barrage of missiles; first in past few months

New Delhi: Palestine-based militant outfit Hamas on Sunday launched a fresh missile attack on Israel, prompting the latter to blare warning sirens across Tel Aviv, the first such incident in...

Delhi hospital fire tragedy: Cops arrest owner

New Delhi: Delhi Police has arrested the hospital owner where seven children were killed after a massive fire broke out on late Saturday, police said on Sunday. The accused was...

Germany’s far-right AfD keeps second place in polls despite scandals

Berlin: Germany's far-right Alternative for Germany (AfD) has maintained its second place in polls ahead of June's European Parliament elections despite a wave of recent scandals that have threatened to...

Tejashwi Yadav slams PM Modi for ‘Mujra’ remarks

Patna: Bihar Leader of the Opposition (LoP) Tejashwi Yadav on Sunday slammed Prime Minister Narendra Modi for his ‘Mujra’ remarks, saying the PM should use dignified language against the opposition...

Seven newborns die in Delhi hospital fire

New Delhi: Seven newly born babies died after a fire broke out in a baby care centre in Delhi’s Shahdara, police said on Sunday. Deputy Commissioner of Police (Shahdara) Surendra...

Sizzling Rajasthan: Phalodi hottest in country at 50-degree C

Jaipur: Phalodi in Rajasthan recorded the maximum temperature in the country on Saturday at 50-degree Celsius. Jaisalmer at 48.9-degree Celsius was the second hottest place in Rajasthan on Saturday, followed...

Bengal: Violence spreads to tribal-dominated Jhargram constituency

Kolkata: The eight Lok Sabha constituencies in West Bengal recorded a high voter turnout at 70.19 per cent in the sixth phase polling on Saturday. Such a high polling percentage...

EC releases absolute numbers of voters turnout for first five phases

New Delhi: The Election Commission of India on Saturday said that they have decided to further expand the format of the release of turnout data to include the absolute number...

NDA won’t spare those who looted Bihar, this is Modi Ki Guarantee: PM Modi

New Delhi: Prime Minister Narendra Modi, on a whirlwind campaign trail in Bihar, launched an all-out attack on the Congress and Rashtriya Janata Dal (RJD) alliance on Saturday and said...

Death toll in fresh rainstorms, floods rises to 17 in Afghanistan

Kabul: Death toll due to fresh rounds of rainstorms and flooding in Afghanistan's Faryab and the neighbouring Sari Pul province over the past two days mounted to 17, local officials...

Severe cyclone likely to hit Bengal; NDRF teams deployed, Army & Navy on alert

New Delhi: India Meteorological Department on Saturday forecast wind speeds of up to 110-120 kmph gusting to 135 kmph in the severe cyclonic storm that is “very likely” to strike...

Polling underway in Bengal, two die in violence

Kolkata: With two deaths confirmed and reports of poll-related tension surfacing mainly from East Midnapore and West Midnapore districts, the polling percentage for eight Lok Sabha constituencies in West Bengal...

Read Previous

politics–Opposition blinded by lust for power: Modi

Read Next

World–Nepal, China military drill to be held in September

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com